L-3 Nova Engineering Awarded $52.8 Million Contract with the DoD for Tactical Remote Sensor Systems
NEW YORK, Aug 30, 2010 (BUSINESS WIRE) --
L-3 Communications (NYSE: LLL) announced today that its Nova Engineering subsidiary has been awarded a $52.8 million follow-on contract by the Department of Defense (DoD) to support the United States Marine Corps' Tactical Remote Sensor Systems (TRSS) program. Under this five-year award, Nova will provide equipment, upgrades and repairs, and program management services in support of the TRSS initiative.
"We are very pleased to be selected by the U.S. Marine Corps to continue the TRSS program. With thousands of units and components already deployed, our field-proven system captures, processes and transmits imagery that significantly improves situational awareness on the battlefield," said Mark Fischer, president of L-3 Nova Engineering. "This important award demonstrates the close partnerships we build with our customers, and our commitment to continually update and develop innovative products to meet the needs of an ever-changing market."
L-3's TRSS system provides the capability for all-weather remote monitoring of activity within and near a given objective area. The system is unique in providing autonomous and continuous unattended sensor surveillance of multiple distant areas, and can detect the presence of movement and classify the target, identifying it as personnel or wheeled or tracked vehicles, while also determining the direction of movement. This capability allows troops to know what type of activity is occurring in an area of interest and respond accordingly, in real time.
L-3 Nova Engineering, based in Cincinnati, Ohio, designs, develops and produces digital and real-time embedded software and hardware for communications and telemetry applications, including flight and ground engagement simulation, imaging target detection and fusion-enabled sensor technology. The company is part of the L-3 Communication Systems Group. To learn more about L-3 Nova Engineering, please visit www.L-3com.com/Nova.
Headquartered in New York City, L-3 Communications employs approximately 67,000 people worldwide and is a prime contractor in C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems, aircraft modernization and maintenance, and government services. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms. The company reported 2009 sales of $15.6 billion.
To learn more about L-3, please visit the company's website at www.L-3com.com. L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company's website and is readily accessible.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "will," "could" and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company's Safe Harbor Compliance Statement for Forward-Looking Statements included in the company's recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
SOURCE: L-3 Communications